+ All Categories
Home > Engineering > Principles of Management

Principles of Management

Date post: 16-Aug-2015
Category:
Upload: irfan63
View: 84 times
Download: 1 times
Share this document with a friend
Popular Tags:
22
Principles of Management Prepared by IRFAN ALI ABRO 11MT63 02 July 2015 Principles of Management 1 IRFAN ALI ABRO
Transcript

Principles of

Management

Prepared by

IRFAN ALI ABRO

11MT63

02 July 2015 Principles of Management 1IRFAN ALI ABRO

Contents

What is management?

14 Principles of Management

Summary

202 July 2015 Principles of Management IRFAN ALI ABRO

What is management?

Management is the process of getting

things done effectively and efficiently

through and with the people.

302 July 2015 Principles of Management IRFAN ALI ABRO

Principles of management

Management principles are the statements

of fundamental truth based on logic which

provides guidelines for managerial decision

making and actions.

402 July 2015 Principles of Management IRFAN ALI ABRO

There are 14 Principles of Management described by Henri

Fayol

These principles are derived: -

1. On the basis of observation and analysis.

2. By conducting experimental studies.

502 July 2015 Principles of Management IRFAN ALI ABRO

1. Division of Labor

Work of all kinds must be divided &

subdivided and allotted to various

persons according to their expertise in a

particular area.

602 July 2015 Principles of Management IRFAN ALI ABRO

2. Authority

Authority refers to the right of superiors to

get exactness from their sub-ordinates.

702 July 2015 Principles of Management IRFAN ALI ABRO

3. Responsibility

Responsibility means obligation for the

performance of the job assigned.

802 July 2015 Principles of Management IRFAN ALI ABRO

4. Unity of Command

A sub-ordinate should receive orders and

be accountable to one and only one boss at

a time.

He should not receive instructions from

more than one person

902 July 2015 Principles of Management IRFAN ALI ABRO

5. Unity of Direction

People engaged in the same kind of

business or same kind of activities must

have the same objectives in a single plan.

Without unity of direction, unity of action

cannot be achieved.

1002 July 2015 Principles of Management IRFAN ALI ABRO

6. Equity

Equity means combination of fairness,

kindness & justice.

The employees should be treated with

kindness & equity if devotion is expected

of them.

1102 July 2015 Principles of Management IRFAN ALI ABRO

7. OrderThis principle is concerned with proper &

systematic arrangement of things and

people.

Arrangement of things is called material

order and placement of people is called

social order.

1202 July 2015 Principles of Management IRFAN ALI ABRO

8. Discipline Discipline means sincerity, obedience,

respect of authority & observance of rules

and regulations of the enterprise.

Subordinate should respect their

superiors and obey their order.

1302 July 2015 Principles of Management IRFAN ALI ABRO

9. Initiative Initiative means eagerness to initiate

actions without being asked to do so.

1402 July 2015 Principles of Management IRFAN ALI ABRO

10. Remuneration Remuneration to be paid to the workers

should be fair, reasonable, satisfactory &

rewarding of the efforts.

It should accord satisfaction to both

employer and the employees.

1502 July 2015 Principles of Management IRFAN ALI ABRO

11. Stability of Tenure

Employees should not be moved

frequently from one job position to

another i.e. the period of service in

a job should be fixed.

1602 July 2015 Principles of Management IRFAN ALI ABRO

12. Scalar ChainScalar chain is the chain of superiors

ranging from the ultimate authority to the

lowest.

Every orders, instructions etc. has to pass

through Scalar chain.

1702 July 2015 Principles of Management IRFAN ALI ABRO

13. Espirit De’ Corps It refers to team spirit i.e. harmony in the

work groups and mutual understanding

among the members.

Espirit De’ Corps inspires workers to work

harder.

1802 July 2015 Principles of Management IRFAN ALI ABRO

14. Centralization Centralization means concentration of

authority at the top level.

In other words, centralization is a situation

in which top management retains most of

the decision making authority.

1902 July 2015 Principles of Management IRFAN ALI ABRO

The Principles of Management are the

essential, underlying factors that form

the foundations of successful

management.

These principles serve as guidelines for

decisions and actions of managers.

2002 July 2015 Principles of Management IRFAN ALI ABRO

Any query regarding to topic.

Please give comments.

2102 July 2015 Principles of Management IRFAN ALI ABRO

THANK YOU….!

2202 July 2015 Principles of Management

Don’t be boggle

IRFAN ALI ABRO


Recommended